This induced panic attacks among SEO's worldwide as they all
tried to speculate as to what the update would be targetting. Later
in the day, Matt Cutts tweeted again giving a glimpse as to things
to come;

The article by Search Engine
Land that Matt had tweeted out, goes into details
about the 2014 Google Panda Update. This article confirms that
Google has indeed released a new update to their Payday Loan Algorithm. This announcement came
to no utter shock of worldwide SEO's since there had been a great
amount of rumors and signals that
an update was coming, the only thing not known that was making
these specialists anxious was what the update was going to target.
Here's what you need to know about this update.

The update to Google's Panda Algorithm targets "very spammy
queries" and is an update to Googles Payday Loan Algorithm that was
launched just about a year ago on June 11, 2013. This update has an
international impact and it affects different languages to
different degrees but only affects English queries by about 0.2% to
a comprehensible degree. Below is a video of Matt Cutts of Google
talking about the update back when it was initially release in 2013
and what to expect from this update.